JRBE.L vs. BTC-USD
JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) is European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, JRBE.L returned 0.30%/yr vs 12.81%/yr for BTC-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
JRBE.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
JRBE.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRBE.L achieves a -0.44% return, which is significantly higher than BTC-USD's -26.78% return.
JRBE.L
- 1D
- 0.22%
- 1M
- 1.03%
- YTD
- -0.44%
- 6M
- -0.44%
- 1Y
- 4.85%
- 3Y*
- 4.75%
- 5Y*
- 0.30%
- 10Y*
- —
BTC-USD
- 1D
- 0.00%
- 1M
- -20.64%
- YTD
- -26.78%
- 6M
- -29.06%
- 1Y
- -36.46%
- 3Y*
- 29.42%
- 5Y*
- 12.81%
- 10Y*
- 61.31%
JRBE.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | -0.44% | 8.52% | -0.35% | 5.53% | -8.30% | -7.59% | 8.06% | 0.11% | 0.48% |
BTC-USD Bitcoin | -26.78% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | 12.20% |
Correlation
The correlation between JRBE.L and BTC-USD is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.04 |
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Return for Risk
JRBE.L vs. BTC-USD — Risk / Return Rank
JRBE.L
BTC-USD
JRBE.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| JRBE.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.87 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.73 | +1.95 |
| Martin ratioReturn relative to average drawdown | 3.13 | -1.29 | +4.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRBE.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -0.88 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.24 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 1.15 | -1.06 |
Drawdowns
JRBE.L vs. BTC-USD - Drawdown Comparison
The maximum JRBE.L drawdown since its inception was -21.46%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for JRBE.L and BTC-USD.
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Drawdown Indicators
| JRBE.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.46% | -84.19% | +62.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -49.84% | +45.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -49.84% | +45.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.77% | -73.24% | +56.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -5.72% | -48.61% | +42.89% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -40.27% | +30.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 33.73% | -32.18% |
Volatility
JRBE.L vs. BTC-USD - Volatility Comparison
The current volatility for JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) is 1.46%, while Bitcoin (BTC-USD) has a volatility of 10.36%. This indicates that JRBE.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRBE.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 10.36% | -8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 33.53% | -29.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 34.70% | -29.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 44.81% | -38.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 56.03% | -48.93% |
Frequently Asked Questions
JRBE.L and BTC-USD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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